Business leaders say profit margins rise
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 22 April 2024
⏱️ 1 minutes
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Summary
Stocks rise; input cost pressure eases, boosting profits; Verizon revenue ticks up; major tech companies report earnings this week.
Transcript
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| 0:00.0 | This is the Marketplace Minute. I'm Justin Ho. Stocks closed up on Monday. The Dow |
| 0:07.6 | gain 2 thirds percent, the S&P rose almost 9 10 percent, and the NASDAQ added 1 and 1 10% |
| 0:14.0 | business leaders and economists surveyed by the National Association for |
| 0:18.1 | Business Economics this month said profit margins have hit their highest level |
| 0:21.8 | in more than two and a half years. |
| 0:23.7 | That's likely because business costs haven't been rising as much as they did early in the pandemic, |
| 0:28.2 | and consumer demand is held steady. |
| 0:30.4 | That said, economists say that companies have fewer excuses to raise prices right now. |
| 0:35.0 | Verizon says revenue rose last quarter from the same time a year ago. |
| 0:39.0 | The company says it lost 68,000 subscribers, less than analysts had expected. |
| 0:44.7 | And later this week we'll hear from Google's parent company, Alphabet, about how it did last |
| 0:48.3 | quarter. |
| 0:49.3 | Facebook's parent company Meta is reporting as well, along with Microsoft and Tesla. |
| 0:54.2 | I'm Justin Home with the Marketplace Minute. You're going to. |
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